Technical
Financial
Distress signals
Property profile

3623 Lorna Rd Hoover, AL 35216

OFF-MARKET
Garden apartment buildings
Property ID
US03-0835211
13,286 SF 5.3 ac lot Built 1973
Entity Owned 11-yr Hold Absentee Owner
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Property profile

Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 1973
Total area 13,286 SF
Lot 5.3 ac (231,042 SF)
Zoning code R4
APN 39-00-13-1-004-059.000
UPID US03-0835211

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3623 Lorna Rd Hoover, AL 35216-5927
Hoover metro Census 12918 BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.07M
Blend (final) Blend
$980k

Owner & transaction history

since 2014
2 recorded transactions
2014
$7.2M
2011
Price N/A

Zoning & alternative use

R4 · Hoover, AL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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